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OEC API > API Support > In FX, why doesn't cash balance update after a position is closed?
Author Topic: In FX, why doesn't cash balance update after a position is closed?
(3 messages, Page 1 of 1)
Moderators: VPfau
CWeber984
Posts: 226
Joined: Apr 24, 2012


Posted: Feb 23, 2017 @ 12:59 AM             Msg. 1 of 3
In OEC Trader Demo, when using an FX account, the cash balance doesn't update after closing a position. The same behavior exists when using the API.

Shouldn't the cash balance update after a position closes or is partially offset?

If not, when does the FX Cash Balance update?

Thanks,
CHW
CMicciche902
Posts: 367
Joined:


Posted: Feb 23, 2017 @ 06:26 PM             Msg. 2 of 3
Trades have to settle before the cash balance updates. There is daily maintenance at 5pm ET. At that time, the Net Liq value will become the Cash balance.
Chris M
CWeber984
Posts: 226
Joined: Apr 24, 2012


Posted: Feb 23, 2017 @ 06:53 PM             Msg. 3 of 3
Thanks for the info Chris. We know how to proceed from here given this info.
CHW